VR Resources (STU:5VR) ROCE % : -5.15% (As of Sep. 2023)

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What is VR Resources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. VR Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.15%.

VR Resources ROCE % Historical Data

The historical data trend for VR Resources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VR Resources ROCE % Chart

VR Resources Annual Data

Trend

Dec15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-13.09

-8.08

-9.54

-7.73

-9.81

VR Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.60	-3.83	-7.95	-5.15	-

VR Resources ROCE % Calculation

VR Resources's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.623	/	( ( (7.641 - 0.076)	+	(5.199 - 0.068) )	/ 2 )
	=	-0.623	/	( (7.565	+	5.131)	/ 2 )
	=	-0.623	/	6.348
	=	-9.81 %

VR Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.36	/	( ( (7.641 - 0.076)	+	(6.444 - 0.028) )	/ 2 )
	=	-0.36	/	( ( 7.565	+	6.416 )	/ 2 )
	=	-0.36	/	6.9905
	=	-5.15 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

VR Resources (STU:5VR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

VR Resources ROCE % Related Terms

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VR Resources (STU:5VR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » VR Resources Ltd (STU:5VR) » Definitions » ROCE %

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VRRCF:USA VRR:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1G8

Website

https://www.vrr.ca

VR Resources Ltd is an established junior exploration company focused on Greenfields' opportunities in precious metals. The company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well-financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. The company projects include Hecla-Kilmer, Ranoke, Bonita, Reveille Silver, Big Ten, and others.

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